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Problem - Prepare the following adjusting journal entries needed at 12/31/2020:
1. Salaries of $350 are unpaid.
2. Utility expenses of $175 are unpaid.
3. Prepaid rent totaling $500 has expired.
4. Revenue of $1,200 collected in advance has been earned.
5. Supplies of $150 have been used.
6. Interest of $700 has accrued on a note payable.
Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the ..
Calculate the IRR for the project that has a $86,347 investment and the following returns. Should this project be undertaken if the MARR is 16%?
Determine and Compute diluted earnings per share for 2020, assuming the same facts as above, except that $960,000 of 6% convertible preferred stock
Determine the rate variance, time variance, and total direct labor cost variance. Discuss what might have caused these variances
Assuming you determine that the company's internal controls are effective, how can you reduce or change physical observation tests of inventory? Be specific.
What are the revenue streams for TechMall?What drives each of the revenue streams and how much does Tech Mall expect to earn from each stream?
On January 1, 2014, Everett Corporation had these stockholders' equity accounts. Prepare the stockholders' equity section of the balance sheet at December 31
Write a 4 page report summarizing the concepts of IFRS and international accounting issues as they relate to your McDonald's. I do not expect you to quote from sources but to write what you learned about your McDonald's.
Prepare the journal entry to record the admission of K. Twener under each of the following assumptions.
The local supermarket, which uses the retail inventory method is suspicious that employees are doing some major shoplifting. The store took a physical inventory at the end of the year which totaled $160,000 at retail. Determine the estimated loss (at..
BSBITU402 Develop and Use Complex Spreadsheets Assignment - Portfolio of Activities, Academies Australasia, Australia. List good resource-conserving practices
Create income statements using absorption costing, assuming that Stuart Glass makes 1,000, 1,250, and 1,500 lamps during the year.
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